717 BOLIN Road, Otonabee-South Monaghan

$699,900
717 BOLIN Road

$699,900

New
7d
DetachedBungalow

717 BOLIN Road, Otonabee-South Monaghan

Total Monthly Obligation $3,412

Beds
4
Baths
2
Park
6
Sqft
< 700
DOM
7d
Score
19
Yield
4.6%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X14086538
Beds-4
Bathrooms-2
Size-< 700 sqft
Lot Size-50 × 195 ft
Listed on site-Oct 16, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,566 (2026)
Parking-6 - None
Basement-Unfinished, Crawl Space
Heating-Heat Pump (Other)
Brokerage-Flat Rate Realty Corp.
Cooling-Other
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Wood
Roof-Metal
Foundation-Poured Concrete
Sewer-Septic
Possession-immediate
Neighbourhood-Otonabee-South Monaghan
Title-Residential Freehold

No agent assigned

TWO beautiful fully furnished 3 - season Cottages on Rice Lake! Welcome to your perfect Rice Lake getaway! The front beautifully updated cottage offers two bedrooms, a 3-piece bathroom, and a bright open-concept kitchen, dining, and living area designed for relaxed lakeside living. Step outside to the spacious deck and take in the gorgeous, unobstructed views of Rice Lake. The second direct waterfront updated guest house provides exceptional additional space for family and friends, featuring two bedrooms, a 3-piece bathroom, and an open-concept kitchen, dining, and living area, plus a finished lower level currently used as a recreation room. Enjoy approximately 50 feet of shoreline with desirable eastern exposure, perfect for morning coffee, peaceful evenings, and making the most of your time on the water. The U-shaped aluminum dock with wood plank decking, approximately 30 feet in length, provides plenty of space for boats, swimming, lounging, and entertaining. Convenient municipal road access and weekly garbage and recycling pickup add to the ease of cottage ownership. A public boat launch is just minutes away, making it easy to get out and enjoy everything Rice Lake has to offer. A fantastic opportunity to own a waterfront property with TWO cottages with incredible waterfront access - come enjoy cottage life on Rice Lake!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,412/mo
Mortgage $2,823
Monthly Loss $2,669
Principal$743
Interest$2,080
Property Tax$214
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%19
Cash-on-Cash
-7.8%1
5-Year IRR
9.4%32
10-Year IRR
10.1%
Returns Index
17.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,400/yr
NOI
$22,094/yr
Net Cash Flow
-$982/mo
Cash Margin
-36.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
24.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 717 BOLIN Road

Time

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